Home / Knowledge / News / Textiles / Govt plans to revive jute & cotton mills in West Bengal
Govt plans to revive jute & cotton mills in West Bengal
Aug '08
The Central Government has plans to form a jute board by merging Jute Manufacturing Development Council (JMDC) and National Centers for Jute Diversification (NCJD).

The plan was revealed by Mr Shankersinh Vaghela to the media after unveiling a booklet 'Indian Textiles – The Sunrise Sector'. He candidly stated, “We are planning to merge JMDC and NCJD to form a Jute Board, for which we have tabled a jute bill in parliament.”

He further added that a decision has already been taken by the Government for the revival of Kolkata-based National Jute Manufacturers Corp Ltd (NJMC) while the mills under the organization would also be revived through private-public partnership (PPP).

However, the cabinet committee is yet to approve the revival of these units through PP project in which the Government would have a 51 percent stake while the private companies would have 49 percent stake and control over the management.

Even the Board for Reconstruction of Public Sector Enterprises (BRPSE) has given a sanction to the revival plan of two mills in West Bengal – Kinnison and Khardah – and one in Bihar with the cooperation of a private sector partner at an estimated cost of Rs12.63 billion.

Giving his review on the performance of cotton exports, Textile Minister asserted saying, “Last year the export of cotton from India was very good and we expect to grow by 20 percent more in this fiscal”.

Coton production is anticipated to be around 30 million bales in this fiscal, up from 28 million bales procured last year. It was also disclosed that the Government would resurrect three defunct cotton mills in the state under the NTC.

While the Laxmi Narayan Cotton Mill and Sodepur Cotton Mill would be revived via joint venture route, NTC itself would revive the Aarti Cotton Mill. This decision is a part of the modified revival scheme of the Government for NTC at a cost of Rs52.67 billion.

Must ReadView All

'Requirement of polyester filament yarn is increasing'

Textiles | On 19th Jun 2018

'Requirement of polyester filament yarn is increasing'

The requirement of polyester filament yarn (PFY) is increasing as it...

Courtesy: SAC

Textiles | On 19th Jun 2018

SAC to release pilot of Higg Facility Social Labour Module

The Sustainable Apparel Coalition (SAC) will release this year a...

Courtesy: Tim Savage from Pexels

Textiles | On 19th Jun 2018

Da Lat begins construction of $50mn wool yarn factory

Da Lat Worsted Spinning Limited Company has begun construction of a...

Interviews View All

Frank Gossmann
Rotorcraft AG

‘RT3 motto is: Do not check millimetres, check colours.’

Poojaa Kumar Deepak

Zeven's performance sports apparel is designed for the Indian body type,...

Deepak Jain

We are using Facebook and Instagram to promote ourselves

Apurva Kothari

No Nasties was the first fashion brand in India to make 100 per cent...

Harsh Shah

Fynd is the central online shopping destination for fashion, offering...

Tejas N Patel, Navin D Patel

Founded in 1999 by Navin Patel in the name of Tejas Fabrics with 100...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Divvya and Nidhhi Gambhir

<b>Divvya and Nidhhi Gambhir</b> started their career with the launch of...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Igor Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


Leave your Comments

June 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category

Related Categories:

Advanced Search